Tag: Italy

Omnia Network begins IPO

Posted by | Feb 19, 2007 | |

Italy’s CRM outsourcer Omnia Network earlier this week began its IPO on the Star segment of the Milan Stock Exchange. It is reported that Omnia Network will float 9 million shares (plus Greenshoe) – 6 million newly issued and 3 million from existing shareholders – at a price between euro 5 and euro 6.5 per share. This is slightly surprising as former shareholders sold their shares at euro 2.6 in mid-2006.
The subscription period will end on the 22 February. During its first nine months 2006, Omnia Network reported revenues at euro 177 million, EBITDA at euro 12.53 million, and EBIT at euro 10.02 million, with respective margins at 7.1% and 5.7%.

What can we expect from the first IPO from an Italian call centre player? Simply put, Omnia is raising capital to support its growth strategy (both organically and through acquisitions), international expansion as well as product and service differentiation. As for the latter point the company delivers services through its four business units, namely Multimedia Contact Centre (47.8% of revenues), Logistics and Transport (25.1% of revenues), Facility Management (32%) and System Integration (4%), which compete on different markets but coordinate for joint offerings. A primary target of the IPO is the acquisition of 40% of UniPosta, the company that aims to become the main rival to Poste Italiane once the Postal sector is fully liberalized in 2009 – indeed Omnia’s offering (especially the logistics branch) may be fully embedded in UniPosta, and being a new market (some analysts value it at euro 4 billion) could be a great driver for growth.

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Palletways acquires Italian operation

Posted by | Feb 13, 2007 | |

Palletways Europe, parent company of Palletways UK, has acquired the Italian operation it licensed out in 2002.

Palletways Italia has more than 60 depots and two hub facilities in Bologna and Naples.

As part of the acquisition, Palletways has purchased land near the Bologna facility in order to construct a new 15,000 m2 hub to accommodate future volume growth. Excected to be fully operational by early-2008, the new hub facility will handle express deliveries across Italy and to other parts of Europe served by Palletways.

The acquisition forms part of Palletways’ strategy to provide a dedicated and integrated pan-European network for the express delivery of small consignments of palletised freight.

Palletways now controls all its networks in the UK and mainland Europe, which today comprise more than 250 depots and eight hub facilities, handling around 20,000 pallets a day.

According to Palletways chief executive James Wilson, the company is also in the process of linking the Palletways Italia operation with the company’s other networks covering the Benelux region, Denmark, France, Germany, Switzerland, the UK, and, later, Spain, to enable cross-border deliveries between all these countries.

Palletways Europe has appointed Roberto Rossi (ex-TNT Logistics) as chairman of Palletways Italia, Bernardo Cammarata (ex-TNT and DHL) as general manager, and Dr Antonio Giambrone as director of finance.

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Japan's Sankyu signs agreement with Pos Malaysia

Posted by | Feb 7, 2007 | |

Major distribution company SANKYU INC. (TSE:9065) has struck a business cooperation agreement with POS MALAYSIA BHD, farming out pickup and delivery of parcels for the Sankyu Business Yu-Pack service in Malaysia to the postal service provider. Developed by Sankyu and Japan Post, the small-lot international door-to-door parcel delivery service for businesses is often used by Japanese firms to export parts and import textile products.

* With pickup and delivery offered only in limited areas in Malaysia, the service’s handling of parcels to and from that nation has remained at around 1 ,000 a month.

* Sankyu hopes the tie-up will boost the figure to 10,000 by the end of fiscal 2007.

SUMMARY

Japan’s Sankyu signs agreement to farm out pickup and delivery of parcels to Pos Malaysia

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Fonseca appointed COO for TNT Western European Business Unit

Posted by | Jan 31, 2007 | |

TNT Express has appointed Mark Fonseca as Chief Operating officer for it’s new Western European Business unit.

Fonseca has been with the company for almost 20 years in numerous positions and will take up the role with immediate effect. Foncseca will report to Chief Executive Donald Pilz and will handle activities in Germany, Benelux, France and Italy. The ‘Western European Business Unit’ is one of six new international business units strategically located worldwide. The other five are situated in UK/Ireland, Americas-Middle East-Africa, China, Australia & New Zealand, and International.

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Italy TNT Post generates 147 mln euro sales 2006

Posted by | Jan 26, 2007 | |

Italian private mail operator TNT Post, a subsidiary of Dutch mail and express deliveries group TNT NV, generated sales for 147 mln euro (USD189.9 mln) in 2006, up by 10.5 pct year-on-year.

TNT Post will target its sales to rise by over 20 pct year-on-year in 2007. The company renewed its cooperation agreement with Italian state-owned postal services company Poste Italiane.

TNT Post plans to focus its activity on direct marketing postal services and business postal services. The company plans to make new acquisitions in 2007.

[Editor’s note: TNT Post has acquired mail operator TWM Italia, specialised in distributing door-to-door or unaddressed advertising material, ANSA reported on May 17, 2006. Even before TWM Italia’s acquisition, TNT Post was one of the leading door-to-door distribution companies in Italy. The acquisition will allow TNT Post to double its share of the Italian market for door-to-door distribution which had an estimated value of some 250 mln euro (USD323 mln) for 2005.]

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